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Gemfields confirms $60m full-year loss 

By: Simone Liedtke     25th March 2019 JSE-listed Gemfields on Monday confirmed that it had posted a $60.4-million net loss for the year ended December 31, 2018, compared with a $45.1-million profit in 2017. As set out in a trading statement published on Friday, the group attributed the loss to impairment charges and fair value loss... 

Gemfields mulls London listing, looks back on challenging 2018 

By: Simone Liedtke     25th March 2019 JSE-listed Gemfields is considering an additional listing on the LSE during this year, without an associated capital raise, in an effort to address the lack of broker research and share trading liquidity. Paying a maiden distribution to its shareholders remains a key ambition for the miner for... 

Sheppard appointed Konkola CEO – Business Day

By: Tasneem Bulbulia     22nd March 2019 Business Day on Friday reported that Chris Sheppard had been appointed CEO of Vedanta Resources’ Konkola Copper Mines (KCM) subsidiary, in Zambia. Sheppard was the former head of AngloGold Ashanti’s South African business. 

Jubilee set to acquire Sable Zinc refinery  

By: Nadine James     22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. 

Impairments, fair value losses to push Gemfields to a loss for 2018

By: Tasneem Bulbulia     22nd March 2019 Gemfields expects to report a net loss of $60.4-million for the year ended December 31, 2018, compared with the net profit of $45.1-million reported for 2017. In rand terms, the net loss is expected to be R801-million, compared with a R600-million net profit the year before. 

Localisation seen as key to stimulating struggling capital equipment sector

By: Natasha Odendaal     22nd March 2019 The growth of the capital equipment sector, and the manufacturing sector in general, is being stifled by South Africa’s heavy reliance on imports, and its inability to deliver on its localisation promises. The manufacturing sector has the potential to significantly accelerate South Africa’s... 

Two killed in accident at Glencore's Zambian mine

By: Reuters     19th March 2019 Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said. "All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a... 

Huge demand for copper, cobalt, lithium and nickel in the offing as EV uptake increases

By: Tracy Hancock     15th March 2019 Investors focused on the mining sector may not fully appreciate how quickly the electric vehicle (EV) is being adopted globally, in light of the world pursuing a low-carbon emissions future, says battery metals investment vehicle Colbalt 27 Capital chairperson and CEO Anthony Milewski, who warns... 

Huge demand for copper, cobalt, lithium and nickel in the offing as EV uptake increases

By: Tracy Hancock     15th March 2019 Investors focused on the mining sector may not fully appreciate how quickly the electric vehicle (EV) is being adopted globally, in light of the world pursuing a low-carbon emissions future, says battery metals investment vehicle Colbalt 27 Capital chairperson and CEO Anthony Milewski, who warns... 

Chicago Pneumatic carries MTE sponsorship success into 2019

14th March 2019 Following a highly successful year of sponsorship at the 2018 Mining & Technical Exhibitions (MTE), Chicago Pneumatic was once again geared up and ready to display their vast generator expertise on 31 January 2019 at the launch of this year’s first MTE at Cullinan in Gauteng. “Chicago Pneumatic... 

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